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  • Key Facts
  • Description
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Key Facts

Type Quadruplex
Levels Residential Income
Size 3086 sqft
Garage No
Taxes $20,635
Days Active 362
Lot Size 
Approx. Age 1949
Avg. Price Per Sqft $324
MLS® Number 4427523

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

This beautiful property has 4 separate living spaces, a main home & 3 apartments. The home, plus 3 apartments are currently rented on 2-year leases promising long-term income. Additional income comes from the rear fenced 30 feet of the lot, rented on a long-term lease to a landscape contractor. With the main home, 3 apartments, & the rear fenced area leased up, gross rent is ~$83, 100 + 2 storage units that could generate additional income. This is an excellent location in 78745 just south of 290 in a high-demand, highly appreciating area of south Austin just 3/4 mile to St. David's south, just off Ben White in Ford Place, & conveniently located near grocery stores, restaurants, bars, coffee shops, you name it! Everything has been updated - the main home in 2019 with a new large utility room in 2021, Unit 2B built in 2015, Unit 2A built in 2017, 1B build out & remodeled in 2020 + a new interior slab. All lighting is LED. Roof is a 30-year asphalt shingle, & the new roofing was completed per the above timeline. There is even a common laundry facility for Units 1B, 2A & 2B. All appliances convey. The additional 304 SF storage building that is split into a 124 SF workshop, and 80 SF of storage space. Rent out either of these 2 spaces for additional income, or use them for personal use. The backyard compound is enjoyed by all the residents. The main home even boasts a large outdoor patio space. There are 2 apple trees in the rear, one in front, + a pecan tree on the south side tenant's entrance. This property is a must-see & an amazing investment opportunity for those looking to invest in real estate. Leave as long-term leases, or convert to short term rentals with the new City of Austin position on accepting non-owner occupied STRs.Show Description
MLS® Number4427523
Laundry LevelCommon Area, Laundry Room, Multiple Locations, Washer Hookup, Dryer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Stacked
Central VacNo
FireplaceNo
Acreage0.276
ExteriorExterior Steps, Lighting, Private Yard
GarageNo
Approx. Age1949
Basement
DrivewayDriveway
Garage Spaces
HeatCentral, Natural Gas
A/CCentral Air, Electric
Heating Fuel

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